Automotive Flywheel Market Overview:
A Flywheel in an automobile is used for storage and transmission of power to the driveline of the automobile. Rising demand for automobiles globally will drive the market for flywheels. Besides, increase in demand for consumer preference for comfort in automobiles due to increase in purchasing power of people will further increase the growth of flywheels. Technological developments such as weight reduction by using various materials will be a major factor driving the flywheel market.
Automotive Flywheel Market Size To Expand at a Notable CAGR Of 5% During 2018 – 2023
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Key Players in Automotive Flywheel Market are-
The prominent players in the global automotive flywheel market market include Schaeffler AG (Germany), American Axle & Manufacturing, Inc. (US), AISIN SEIKI Co., Ltd (Japan), Linamar Corportation (Canada), ZF Friedrichshafen AG (Germany), Valeo SA (France), LUTHRA INDUSTRIAL CORP (India), Skyway Precision, Inc. (US), Ford Motor Company (US), and Iljin (Korea).
Automotive Flywheel Market Segmentation:
The global automotive flywheel market is segmented on the basis of material, type, transmission, sales channel and region.
On the basis of material, the market has been segmented into cast iron, maraging steel and aluminum alloys.
On the basis of type, the market has been segmented into single mass flywheel and dual mass flywheel.
On the basis of transmission, the market has been segmented into manual transmission, semi-automatic transmission and automatic transmission.
On the basis of vehicle type, the market has been segmented into passenger vehicles, light commercial vehicles, and heavy commercial vehicle.
On the basis of sales channel, the market has been segmented into OEM and Aftermarket.
Market Research Analysis:
In terms of region, the global market for the automotive flywheel is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is estimated to hold the highest revenue market share in 2017 and dominate during the forecast period. Presence of China, India, Japan, where the sales of automobiles have continuously been increasing due to the increased urbanization and growing purchase of consumers, has further driven the market for flywheels in this region.
Continuous improvement in technology for weight reduction of flywheels will further enhance the Asia-Pacific market size. In Europe, consumer preference for manual transmission will drive the growth for automotive flywheel market. North America is estimated to hold the second highest revenue market share and continue its growth during the forecast period.
Competition amongst flywheel manufacturers is a key factor responsible for the growth of the flywheel market as manufacturers constantly focus on developing different features to differentiate their products and match the weight, speed and transmission requirements of automotive manufacturers. Rising penetration of semi-automatic transmission systems globally such as AMT (Automated Manual Transmission) and DCT (Dual Clutch Transmission in the commercial and passenger vehicles segments is likely to drive the flywheel market during the forecast period.
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/Supply Chain Analysis
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